ISHARES CORE U.S. AGGREGATE

AGG Q1 2026 institutional ownership is a $114.1B book across 2,015 holders -- the largest fixed-income ETF in the dataset. The defining signal is a net rotation INTO aggregate bonds by active managers: Bank of America added $1.55B (from $5.4B to $6.9B, +29%) -- the largest buyer. Envestnet Asset Management added $832M (from $3.6B to $4.4B, +23%). Raymond James added $341M. Mercer Global Advisors added $285M. Creative Planning added $329M (from $1.06B to $1.39B). Wells Fargo added $251M. UBS Group added $250M. JPMorgan added $104M. Northwestern Mutual added $60M. Mariner added $160M. UBS AM add small. Jones Financial (Edward Jones) reduced $814M (from $13.8B to $13.0B, -6%) -- the largest seller; Edward Jones is retail-oriented so this likely reflects client withdrawal rather than an active de-risking call. Wealth Enhancement Advisory reduced $492M. US Bancorp reduced $55M. Cetera reduced $28M. Stifel reduced $23M. BlackRock reduced $110M. Goldman Sachs reduced $37M. Ameriprise reduced $30M. LPL reduced $29M. Northern Trust added $7M. Morgan Stanley added $2M. New positions: none. No Vanguard split. The 75.50 whaleScore reflects AUM. Smart-money read: net-bullish on fixed income. The $1.55B BofA add is the defining signal: active managers increasing duration/aggregate-bond exposure typically precedes a risk-off or rate-cut cycle. The breadth of adds (Envestnet, Raymond James, Creative Planning, Mercer, Wells Fargo, UBS Group) confirms a broad active rotation. Jones Financial's -$814M is the only material reduction and is retail-flow-related rather than active-manager conviction. Net read: bullish on aggregate bonds via AGG -- institutional active managers rotating into fixed-income duration, likely front-running a Fed pivot.